The global construction market is forecasted by GlobalData to grow by 1.8% in real terms in 2023, having grown by 1.7% in 2022. While the residential construction market in many countries will decline, this will be offset by high growth in the infrastructure sector, with output rising by 8.3% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Driving growth in the market in 2022 and over the remainder of the decade are a potential 135 mega hydroelectric projects, costing over $100m each. Here are the largest educational building construction projects initiated globally in Q3 2023, according to GlobalData’s construction projects database.
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1. San Diego Triton Center
The project involves the construction of a four-building triton center in San Diego, California, the US.
Construction work started in Q3 2023 and is expected to be completed in Q4 2026.
The project aims to redevelop a collection of 1940s-era, one-story buildings into a triton center to provide access to medical care and wellness spaces and become an extension of the Teaching + Learning Commons program. Upon completion, it will become a central hub for students and will be within walking distance of John Muir College and the Cognitive Science Building.
2. Hodgson Vocational Technical High School
The project involves the construction of a 26,654m2 new school building in Newark, Delaware, the US.
Construction work commenced in Q3 2023 and is expected to finish in Q4 2026.
The project aims to redevelop the old school building into a new vo-tech school to provide better education and athletic facilities in the region.
3. Pasco Comprehensive High School
The project involves the construction of 2,7816m2 Comprehensive High School on 26ha of land at 6091 Burns Road in Pasco, Washington, the US.
Construction work started in Q3 2023 and is forecast to complete in Q4 2025.
The project aims to reduce portable classrooms and overcrowding happening in other schools and will serve 2,000 students. Buy the profile here.
4. North Carolina State University Integrative Sciences Building
The project involves the construction of a six-story integrative science building with a floor area of 15,324m2 in Raleigh, North Carolina, the US.
Construction work commenced in Q3 2023 and is expected to be completed in Q3 2026.
The aim of an integrative science-building project typically involves creating a state-of-the-art facilities that promotes collaboration, innovation, and advancement in scientific research.
5. 1712 West Lake Drive High School UUU
The project involves the construction of three-story, 33,352m2, high school on 35ha of land in Wimauma, Florida, the US.
Construction work started in Q3 2023 and is expected to be completed in Q3 2025.
The project aims to provide the best education, including innovative classroom space, advanced curriculum, and the latest technology for the students in that region.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
